diskontierten

Diskontierten is the past tense or past participle form of the German verb diskontieren, meaning to discount. In finance and accounting, diskontieren describes the act of reducing a future amount to its present value by applying a discount. The term is commonly used in banking, money markets, and corporate finance, particularly in relation to bills of exchange, promissory notes, receivables, or other future payments.

In banking, diskontierung often refers to discounting a bill of exchange or a note at a bank, where the bank pays the holder a cash amount lower than the face value and collects the full amount at maturity. The difference between the face value and the cash advance is the discount. The discount rate used is historically called the Diskontsatz, and the method of calculating present value from a future amount is called Abzinsung in broader contexts. In practice, Diskontierung and Abzinsung are related concepts, with Diskontierung frequently used for specific instruments such as bills and receivables, while Abzinsung is a more general term for value adjustment over time.

The phrase diskontierten can appear in sentences like: Die Forderungen wurden diskontiert, um die Liquidität zu erhöhen, or Die Bank diskontierte den Wechsel mit einem Diskontsatz von X Prozent. Grammatically, diskontierten is the simple past form used with plural subjects or with certain third-person plural constructions, and it can also function as a past participle in passive constructions (die Forderungen wurden diskontiert).

In economic analysis, diskontieren corresponds to applying a discount factor to convert future cash flows into their present value, a foundational concept in the time value of money.